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. they are trying to do the right thing. i think in this case the democrats and the president are trying to use the tax issue. instead they ought to be coming to the table with real reform. >> thank you very much for joining us. >> wolf, thank you. >> joining us now, senator from kentucky. let's get to this fiscal cliff. $4 trillion in debt reduction. are there specific ways of reaching that figure that both of you might agree on? >> well, you know i think one comprom ice is that we need to cut some military spending. conservatives like myself who think that national spending, i think that compromise could get to spending cut. >> here is the question, both sides are going to have to compromise beyond defense spending. do you see you supporting? >> mostly has to be on the spending side. we used to spend 20% of gdp. federal spending has gone up. and when people say we have to raise taxes on rich people, one there is not enough money and you get less revenue. and when you lower rates you get more revenue. what do you make of tom cole's proposal that republican lawmakers should extend tax rates for
: using compromise could be forced on president obama? charles: we will hear the term care can down the road. that will one be here over and over again. stuart: you are saying yes. mitt romney could compromise. you are saying obama may be forced to compromise. i see a stock-market rally in either scenario. >> spending is that 20% gdp and the president will work hard to keep it as high as he can. mitt romney will work to bring that into line because he recognizeds the more you spend in the public sector the less you have in the private sector. if you want private sector jobs you got to manage government spending. it is that historical highs. it is much better for the economy that we go to the other scenario. stuart: week romney we have seen in the last couple weeks in the debate, you have watched him. you may have been at some of his speeches. is that the guy you knew? >> absolutely. he is a sophisticated guy. doesn't lose his temper certainly not in public. he is working to figure out how to push the ball down the field. that is the mitt romney i see speaking to us. stuart: did he e
that she was helping out with, but she became quite a star. >> that's it for us. thanks for watching. erin burnett and "outfront" starts right now. >>> next, escalation is really soldiers moving to the border of gaza in preparation for a possible ground invasion. another prominent republican disavows the comments mitt romney made about president obama's gifts to minority voters. how can the gop reinvent itself post romney? and surprising revelations in david petraeus' testimony on capitol hill today. he said he knew immediately after the attack in libya who was responsible but then something changed. let's go o"outfront." i'm tom foreman in for erin burnett. "outfront" tonight on the edge of war. the u.s. is preparing for a possible ground invasion into gaza. hundreds of israeli troops have been moved to the gaza border and another 75,000 reservists are being called to serve as the violence intensifies. this as president obama gets the phone call that tfrom the israe prime minister to get an update on the tent situation and gets briefed by henry morrissey who he hopes can dissuade the conf
. we thank you for joining us. i'm don lemon. i'll see you back here tomorrow night. good night, everyone. >>> welcome to this "360" special report, "the battlefield at home." the challenges facing vets, a tough economy, questionable charities and more. we look at charities, organizations promising to help wounded warriors, taking in tens of millions of dollars from well-meaning americans. what's happening to some of that money? a lot of good charities out there, but after what we've found and what you see tonight, you may think twice the next time someone asks you for a donation. that's a shame and that's why we're keeping them honest. starting with the group the disabled veterans national foundation, dvnf. that's their seal you're looking at. according to their own tax filings they raised nearly $56 million in the past three years, a huge amount of money. of that $56 million, we haven't been able to find even one dime that's gone directly to help disabled veterans. instead, the foundation sends tons of stuff, stuff they get for free, to veterans groups. now, the stuff they sen
a lover. i now say that daniel craig is the real killer. >> roger moore. all for us tonight. "ac 360" starts now. we begin with breaking news. >>> explosions. tonight, as many as 2,000 israeli forces are positioned at the border, poised to launch a ground attack if the order comes. israel's cabinet has authorized the call-ups of up to 75,000 reservists. a member of israel's government who is not aligned with prime minister netanyahu's coalition, said the violence seems to be beyond control, end quote. the u.s. state department is calling it a very dangerous situation. president obama talked to the leaders of israel and egypt and we are told secretary of state clinton has been working the phones trying to muster international pressure to diffuse the situation rockets have been flying both ways. that was an israeli missile strike right there in gaza. israel is aiming at terrorist targets and that's what it looks and sounds like from a distance. here it is up close during an interview with an israeli and palestinian who are in the thick of it. >> let me jump in there, mohammed. when
to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that ends up being made under this grand bargain, it's going to be something that ends up hurting unemployment. that being said, i think there's always a tale of two markets. from a broader market standpoint, i expect the market to be hurting. there's always opportunities to be had. >> steve, you have some breaking news earlier. you reported on janet yellen. tell us what that says about where we're headed in terms of economic growth in 2013. >> well, i think it tells us the fed is going to remain as loose as it possibly can through '13, '14, '15, and now even '16. janet yellen saying an optimal policy path, one that stays as close to 2% on inflation and tries to get the unemployment rate down to 6% could mean the fed remains easy through early 2016. by the way, they're thinking of scrapping all of that calendar date guidance thro
clear up confusion about the attack on the u.s. diplomats in benghazi? and another high-profile republican now running away from mitt romney after he tried to blame his loss on so-called gifts from president obama. james carville and ari fleischer, they are here this hour. we're going to talk about the gop's hand wringing and back stabbing. i'm wolf blitzer. you're in "the situation room." >>> hamas militants -- [ gunfire ] -- there they are. hamas militants in gaza keep unleashing rocket attacks on israel and get alarmingly close to jerusalem. a new provocation as they continue the air assault on what it calls terrorist targets in za. the death toll i rising along wiars of anall-out israeli ground invasion. the israeli cabinet has just approved the call-up of 75,000 army reservists in addition to the troops already positioned along the border with gaza. a visit to gaza by egypt's prime minister failed to stop the bombardment and pull the region from the brink of all-out war. u.s. officials blame hamas for starting this conflict. but they are also urging to be measured i
up escalator. >> as a child or maybe last week. good exercise? no. >> that's it for us. thanks very much for watching. erin burnett "outfront" starts you know when? >> right now. >> that's right. >>> next, today the president took questions for the first time about the petraeus scandal. president obama says he's reserving judgment. next, adam shift has questions he demand the president answer and making it clear he is not willing to extend tax cuts for individuals earning $250,000 or more. we asked our political panel what the president will have to compromise on to avoid the fiscal cliff. and president obama fiercely defends his u.n. ambassador today after republicans threaten to block her possible nomination for secretary of state. rand paul joins us. rand paul joins us. let's go "outfront." -- captions by vitac -- www.vitac.com "outfront" tonight, we have late breaking developments in the petraeus scandal. first, we are just learning the name of the fbi agent who helped start the investigation that eventually led to the resignation of the nation's top spy. the name of the agent i
about over the next two hours. kelly carender will join us. steve la tourette is back. pauly shore with us. chris heben, dr. sanjay gupta. patricia maisch and howie kurtz the host of cnn's reliable sources and his partner in crime lauren ashburn from the daily beast with us as well. it's friday, november 9th. it's friday. "starting point" begins right now. and good morning our "starting point" this morning, the u.s. is just 53 days to falling off that fiscal cliff. today, president obama is going to deliver a big speech about the economy. one of the main components of the president's spending plan is higher tax rates for the wealthy. that's something that house speaker john boehner doesn't seem to be buying. listen. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> without a budget compromise, drastic cuts amendmently kick in. that, of course, could send the economy spiraling back into a recession. white house correspondent brianna keilar is live for us this morning from washington. john boehner was the gu
cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the funding despite greece approving a tough 2013 budget. we'll have more from ross westgate in london on all of that. japan's economy shrank, first contraction since last year. the data adding to signs of slowing global growth and tensions with china nudging the which i into recession. and yen minute's main oil export pipeline shut after it was blown up in two pieces. local news organizations didn't identify the attackers, but they've been repeatedly sabotaged. finally, iran launched a military drill across half of the country today. government warning it would act again against aggressors. >> where is your jacket? >> i decided in high spirit of r
. >> this is "cnn breaking news." >> and we begin with breaking news out of the conflict zone, an attack at the u.s. embassy in tel aviv in israel. details just coming in, but an israeli police spokesman says a security guard at the embassy was attacked with an ax. the attacker reportedly also had a knife on him. we know the attacker has been arrested. when we get more information, we will bring that to you. of course, this is all happening as israel and hamas at the tipping point of all-out war. the israelis carrying out 80 air strikes overnight with hamas fighters launching 95 rockets into israel. 38 more palestinians killed, bringing the death toll since last week to 111. cnn has confirmed secretary of state hillary clinton is heading to israel in the air at this very moment. tomorrow she will meet with prime minister benjamin netanyahu. she'll also visit egypt and the west bank city of ramallah. and while the two sides are trading cease-fire proposals, israel's ambassador tells erin burnett his country is ready to launch a full-scale ground invasion. we talk to our reporter in phnom penh. she's
i'm steve kroft. thanks for joining us. [ticking] [ticking] >> in a nondescript t-shirt at a nondescript desk, mark zuckerberg runs a vast global empire, leading the whole internet in his direction. is the goal for you to conquer the whole internet? to own the internet? >> well, think about it like this. people--if they can use a product of any category--photos, music, tv, anything--either by themselves or with their friends... >> mm-hmm. >> i think most of the time, people want to do those things with their friends, so-- >> so is the answer "yes"? [ticking] you describe bill gates in very harsh terms. um, you've described him as being quite abusive. i mean, it's not a pretty picture. >> and i felt like when i wrote it, i should just tell it like it happened, in an unvarnished way, warts and all. >> you'll hear how the two high school buddies who started microsoft and a computer revolution had some pretty trying times along the way. do you think he came to think that you weren't working as hard as he was and it became a source of resentment with him? >> well, i thi
so much for being with us. i'm carol costello. new flashpoint in the isra israel/gaza conflict threatens to implode today's peace talks. a bomb rips apart a bus in tel aviv, israel's second largest city. 22 people injured and tensions rise again across the region. hamas praises the attack. it's not claiming responsibility. in gaza, streets are empty as civilians brace for the israeli response. so far, secretary of state hillary clinton, the challenge of brokering a cease fire, it grows even more daunting this morning. more on those diplomatic efforts in a minute. first the latest details on that bus attack. sara sidner is on the phone from tel aviv. what's the latest, sara? >> reporter: where the victims of this bus attack are. we know that now 22 people have been injured. some of those were inside the bus, some of the people were outside of the bus. there are two very serious injuries, both of them teenagers according to hospital officials here and they are doing surgery as we speak. what we dough do know is that so far doctors are saying that all the victims are expected to s
" starts right now. >>> good evening and thanks for staying with us for the next hour. happy thanksgiving eve. this is one of those days when no news is supposed to happen. but it turns out there is a lot of news today, including a lot of news to be thankful for. not least the cease-fire in the middle east that broke out this evening, which we will be getting a live report on from richard engel in gaza in just a couple of minutes. but i'm also thankful tonight to be able to report that the election has finally concluded in arizona, where it took them 14 days to count votes and announce the results this year. in the end, it turns out that all three competitive congressional races in that state went to the democrats. but the competitive u.s. senate race for republican jon kyl's old seat, that seat stayed republican. and yes, the county sheriff who did the whole taxpayer-funded stunt about having his cold case posse uncover the fraud of president obama's birth certificate, that sheriff did get re-elected, barely. last time he won by a 13-point landslide. this time he won by much less than th
us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're really just starting. we have about a b.
to point that out. >> we'll consider him the leading edge. >> thank you for joining us. thank you. everybody else, enjoy the rest of your weekend. we'll see you back here on monday. "squawk on the street" begins right now. ♪ have a holly jolly christmas it's the best time of the year ♪ ♪ i don't know if there will be snow but have a cup of cheer ♪ ♪ have a holly jolly christmas ♪ and when you walk down the street ♪ >> bargain hunters starting to hit the malls across the country rushing to get in and get a jump on the holiday shopping season. will it be the strong start retailers are counting on? welcome to "squawk on the street" this day after thanksgiving. hope you had a great holiday. i'm melissa lee along with brian sullivan a sulliv sullivan. let's look at how we're up for this abbreviated session. this is historical tendency in terms of the period between thanksgiving and december 3rd. most of the time we are higher in the markets and we're seeing that play out so far in future. look at the picture in europe. a surprise increase in german business confidence the
for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, $50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we don't repeat a crisis like last summer. now, what would they get in return? what would the white house give? the proposal is they would offer $400 billion in medicare and other entitlement savings but e
they have seen outages to long lines for gas, it is cold. >> we're talking 12 days now. it did miss us. this is a relief for us. bad for them. but those in maryland it is not as bad as it could have been. >> we're 2 for 2. we missed sandy and this one. they really didn't need it. here at home. things are looking good. -- good. we'll dry out. we have showers across the area yesterday windy. and around kent county. and getting in on that. chelsea and buck neck landing getting in on the wet weather, the light rain. this is pushing to the south as we go through the day today. the clouds this morning, the clouds will get out of here. we'll get clearing. cold this morning though and 31 degrees. we're at 38 in towson this morning. and the winds are making it feel colder and ellicott city 38. that is feeling like we're in the low 30s. the winds will kick up throughout the day. windy by 3:00 but more sun coming in. hopefully it will warm up. cold, brutal out there. >> we're dealing with the effects of the massive water main break. north charles street shut down from penn station and 20th. close
we have been hoping for for four decades now will arrive and the u.s. will serve up more oil than saudi arabia in the year 2020. that according to a new report by people who actually do know the oil business very well. >>> and sex and the ceo. and the collateral damage. how widespread is sex at work? we really want the answer to that question? >>> what should the consequences be. >>> and no hockey. forget about that. no problem. look what the world of auto racing brought us over the weekend. a brawl! another black eye for a sport that corporate america was counting on? no fighting here at cnbc. sue's with me here again. nice to have you here, sue. >> it is great to be here, ty. those "fast money" guys got me all riled up over there. they're having a good time. >>> we're going to take a look at the markets right now. dow jones industrial average has turned into positive territory, not by too much, but hey if you're a bull, we'll take it. the s&p is up two. the nasdaq up almost eight on the trading session. >>> we here at cnbc, as you do, follow the energy sector very closely on "po
wants, he says, is the truth. nic robertson, cnn, ireland. >> thanks for joining us. "ac 360" starts right now. >>> welcome, everyone, to this anderson cooper special, bullying, it stops here. here is new jersey's rutgers university. we've come here, all of us, drawn together by the power of absence. the absence of kids, of young adults, of future parents and friends, healers and leaders. none of whom will ever be. all of whom have left us because as young adults or as children, they were bullied beyond their capacity to endure. they are the reason we are here. we owe them and we owe them more than talk. in the years since a wave of bullying suicides struck the country and got worldwide attention, there's been too much talk and not enough action. a year ago, rutgers freshman tyler clementi, that young man right there, his life was thrown on to the internet. it was more than he could bear. he went to the george washington bridge and took his own life. almost a year to the day from tyler's suicide, jamie rodimeyer took part in a campaign online and hoped it would get better. some night
has won -- most of the confederacy. >> new york. >> very funny stuff. >> thanks so much for joining us. we'll be back tomorrow. erin burnett "outfront" starts erin burnett "outfront" starts right now. -- captions by vitac -- www.vitac.com >>> "outfront," the are are investors really panicking or is there something else causing the fear? and the gop licks its wounds and starts pointi ining fingers. here with us tonight, a possible 2016 candidate. and another nor'easter bearing down on the region still recovering from superstorm sandy. let's go "outfront." good evening. "outfront" tonight, markets tanked. the day after president obama wins a second term, the dow has its worst day in a year. the dow finished the day down nearly 313 points. for the first time in three months, it closed below 13,000 and when you look at the broader markets, all were down 2.5%, so is the election really to blame? "outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the f
dynamics and u.s. steel, of course, as well. david: not a bad day at all. when the bell rings, the action really begins. we are just moments away from big releases. we have starbucks, linkedin and did we mention dreamworks. the stock is up more than 20%. liz: the third-quarter income more than quadrupled since last year. no wonder tupperware cannot contain its excitement. how are they doing as the ceo of tupperware joins us in a fox business exclusive. david: a tupperware party right here on after the bell. we will tell you what drove the market today. stocks pushing higher to date with all industries rally. materials, technology and industrials for two days top performers. utilities did leg a little bit. the prior week's figure was revised higher by 3,372,000. u.s. construction spending rose to its highest level in almost three years in september. spending rose 0.6%. liz: we have tim mulholland at the cme and brian of wells fargo financials. plus, robert gray ready to break in with earnings. first, let's start with tim. not bad at all. you have to admit it looked pretty healthy and good,
larms in the 1990 gulf war but the people are not used to it. if you look at the people around gaza and the israeli cities there they have in a common place and the people here i would say somewhat in a mode of panic and now as i said the rocket appears to have hit an empty field and certainly what we can say is that it appears as though both sides in this conflict are upping the ante and not taking their foot off the gas. this conflict is escalating rather than deescalating >> i want to correct. i said there were three israeli soldiers killed. they apparently were injured and not killed. do you have any updates on the numbers who have been killed or injured in just the last few days of fighting? >> we have 24 palestinians killed including several children and elderly woman and that of course is inside the gaza strip and also as you said more than 200 people were wounded in those on going air raids. i can tell you i spent last night on the border and you could see it was lit up the entire night. as far as the israeli side is concerned, you're right, it is three soldiers wound when h
to be closing up more than 200 points. margie from wells fargo funds management joins us, so does michael from destination wealth management and joe greco will be with us in a few moments here. rick santelli is staying late as well with this rally here. >> ready to go, joe? >> yes. >> what do you make of the rally? >> i guess when republicans want to peek past what is involved besides a tax increase, that signals a compromise. so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but toward the end of the year, we'll test higher. >> do you believe this is a rise above rally? do you believe it won't hold? >> it's going to be very choppy. what bill mentioned about the 200-m
" gets under way right now. >>> welcome to "closing bell." bill griffeth rejoins us in a moment. no follow-through rally. stocks closing in the red on fiscal cliff fears. dow jones lower by 43 points, 12,966. nasdaq finishes higher by nearly 10, 2,976. and the s&p down almost 3%, 1406. >> the deadline for the fiscal cliff is nearly one month away. if we go over that cliff, russ says some investors are not prepared for that decline. >> he joins us now a long with michael, cnbc contributor for destination wealth management and mary thompson joins us as well. russ, you're saying it's not priced in at this point. what should we be worried about? >> it's not priced in. it's very hard to find much evidence, either from investors or the sell side that people really expect to go over the fiscal cliff. i think what that means is if we get into the end of the year and looks like negotiations are not going forward, we may not solve this before 2013, we're likely to see rise in volatility, likely to see selling. >> how bad could it be? >> if you look at what might happened, in other words,
because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go into early january. i still think they're more likely to get a resolution done before the end of the year. either way, they'll get a resolution done. when that happens, then we'll resort to looking at the u.s. economy, which is strengthening a bit here. also, the extreme and relative valuations between high-quality fixed income and equities will push money towards equities. i would not run for cover here because of the volatility. i think you just have to, you know, hold your ground through this and hope that the market moves higher next year. >> bob, this activity at
-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal. >> jim roewer is one of the top lobbyists for the power industry. >> coal is going to be around for a long time. >> and we really can't get rid of coal. >> we shouldn't get rid of coal. >> well, should or shouldn't, we can't, and coal makes waste. would you say that the industry has done a good job of disposing of the coal ash waste? >> we can do better. >> does that mean no? >> well, we had a kingston spill. >> that's kingston, tennessee, where, in december 2008, a giant retention pool of coal ash buckled under the weight of five decades of waste. >> all the power lines have been knoc
adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustration with the situation. >> impossible. can't get it. and we have no lights on, so i have to ge
that led to petraeus' stunning downfall. brian todd's been working the story for us and getting new information. brian, tell our viewers what's the latest? >> we found out that the house majority leader, republican congressman eric cantor, may have found out almost two weeks before the president did. this and other time lines we're following on the investigation have led to genuine anger over why the ite house and other top congressional leaders weren't told sooner. a time line cnn has put together shows the republican house majority leader may have known about former cia director david petraeus' extramarital affair before the president did. that's according to aides to congressman eric cantor who tell us he found out from an fbi employee concerned that national security might have been breached as a result of the affair. cantor was told on october 27th. president obama didn't find out about the affair until after election day. congressional leaders from both parties are upset that neither they nor the president were informed until late last week. >> obviously this was a matter invo
from the media us because of that. >> i am an honorary consul general, they should not be able to profit, i don't know if you want to get diplomatic protection involved as well. but that's against the law to cross my property since it's inviolable. >> kelly lives near the air force base, home of central command and special operations command, a place where access is closely guarded. yet she had easy access to the country's most powerful general stationed there. according to a friend, who is also editor of "the tampa bay magazine." >> jill is known a gracious hostess, a vivacious individual. >> reporter: this picture taken two years ago at a party at the kelly home, showing jill's twin sister, natalie, general petraeus, jill's husband scott, jill and the general's wife, holly. >> there is no question they were friends. and no reason why they wouldn't be friends. >> reporter: despite all her lavish entertaining, court documents reviewed by abc news show that jill kelly and her husband have been sued at least nine times and face foreclosure on their home. the kelly home also serve
the deadly attack on the u.s. consulate in benghazi. >> your commute is about to get faster, but for a price. fox5 morning news at 7 :00 starts right now. >>> here's a live look outside. plenty of clouds out there this morning. as you are likely used to now, another cool start to the day. this is friday, yea, november 16th. good morning, i'm tony perkins. >> i'm alison seymour. it has been a long week. before we get to the weather and traffic we have breaking developments in the amber alert issued overnight in virginia. the search had been on for 18- month-old alexis rose carwile and her mother, jennifer dawn carwile. you see their pictures there. we've just learned they have been located in prince george's county, maryland and that they are safe. authorities had believed they were in d.c. in the area, because of this man. he is eric eugene black which they were originally traveling with. all three went missing yesterday afternoon, but investigators quickly learned black had relatives in the d.c. area. black was pulled over by virgini
i'm morley safer. thanks for joining us. [ticking] >> banks were filing foreclosure lawsuits by the millions, and in the rush to collect, it appeared some financial firms were using phony legal documents to throw people out of their homes. chris pendley says he forged 4,000 bogus mortgage documents a day for major u.s. banks. and your previous experience in banking? >> none. [ticking] >> it started out as a mortgage crisis. then it slowly evolved into a credit crisis. now it's something entirely different and much more serious. >> this is a full-blown financial storm and one that comes around perhaps one every 50 or 100 years. this is the real thing. >> and much of what went wrong on wall street could be traced back to something called "credit default swaps." they were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] >> it has tentacles as wide as anything i've seen. i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> meredith whitney was
kate kelly will join us from new jersey in just a moment. also among our guests, john ike burger of the national association of convenience stores. his members sell 80% of all the gasoline in the united states. now making the cleanup and recovery even more difficult, we have forecasters warning that a harsh nor'easter is on the way. we'll have a live report from the weather chan nenel in 20 minutes. amid all the problems is tomorrow is election day. the candidates are making a final push in six swing states. the latest poll shows the race is in a dead heat. barely favoring the president in most cases. reuters is reporting similar margins in florida, virginia, colorado and ohio. >> governor romney has been having a tough time here in ohio because everybody knows he was against saving the auto industry. you don't scare people just to scare up some votes. >> i can't wait for us to get started. he's hoping we'll settle. americans don't settle. we build, we aspire, we dream, we listen to that voice that says we can do better. >> john harwood will join us with more. and then we'll focu
. >> that does it for us today. we'll see you tomorrow. right now it's time for "squawk on the street." >>> good morning. happy monday. welcome to "squawk on the street." i'm melissa lee live from the new york stock exchange. we're kicking off what could be a very busy week on wall street. the presidential election is tomorrow. look at how we are setting up. implied opens across the board to the downside s&p looking to lose 2.5 at the open. as to europe that's where action is. jitters about greece and the bailout plan sending markets there lower. italy down 1.4%. voters cast their ballots in the presidential election here. greece must win key support for measures necessary for a bailout and delegates meet in china to decide a major change in leadership. >> 3 million is the number of ipads and ipads minis sold this weekend sending stock higher premarket. the question is what's the breakdown and can this reverse the steady decline in shares since they hit the record high of more than 700. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although milli
seen it. >> we're glad you came. >> join us tonight for a special edition of "squawk box." "squawk on the street" begins right now. ♪ >>> after all of the primaries, the ads, the debates, it all comes down to you voting today. good morning. happy election day. welcome to "squawk on the street." i'm carl quintanilla with melis melissa, jim cramer, david faber. some green arrows on the dow. stocks haven't had a three-day winning streak since october 17 as they really do wonder what the end result is going to be after the polls close. as for europe, some pmi numbers coming out. a lot of the negative but some argue not deteriorating as quickly as they have been in recent months and quarters. road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of b
is a woman and is the only one out there using the information that she had? it is interesting to me. i'm not quite sure what the president is talking about. >> there is still so many thing that is we don't know. is it surprising that they are going after secretary of state rice and not clinton? >> no, i don't. right now, they favor john kerry as the next secretary of state. they work well with him and think he has the experience. i don't think it has to do with her womanhood. beyond that, this is shaping up as a nasty fight. it could get quite personal. and i think everybody has an interest and sort of we just had an election and we are trying to create a bipartisanship in washington. and i think she may have to do some private rounds and that would help a lot. >> a lot of talk about the impending fiscal cliff. did you hear anything from the president that sounded like a compromise that would work? >> not today. this is a president who clearly feels that he has got a lot of leverage now. i heard that in the president today. and what he was doing was -- and dan i can talk more about thi
year. courtney reagan's been tracking the numbers and she will join us with the details. also veteran retail analyst dana telsey will join us with her take. and coming up at 6:40, com score gives us a forecast for cyber monday sales. we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. bu
them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal should be a combination of spending cuts and tax increases. and if no deal is reached by the end of the year, it's clear who will take the majority of the blame, 45% will say it's the republicans' fault in congress compared to 34% for the president. when it comes to the public's expectations of their elected leaders in washington, two-thirds predict they're going to act like spoiled children. >> oh. >> as opposed to responsible adults. >>> meanwhile, grover norquist is offering a reminder to republicans in congress who ar
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